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Updated: 09/10/2009 | 12:00 AM IST
Pipavav Shipyard may see action
Capital Market
Friday, October 09, 2009 (New Delhi)
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Private sector ship builder Pipavav Shipyard will list on the stock exchanges today, 9 October 2009. The company had priced its initial public offer (IPO) at Rs 58 per share. The company had offered 7.01 crore shares in the price band of Rs 55- 60 in the IPO, which remained open for subscription between 16 - 18 September 2009.

Reliance Industries may reportedly explore new business opportunities in health, education and affordable housing.

Siemens' consortium with Siemens AG won an export order worth Rs 403 crore.

Jet Airways has reportedly initiated talks with Delhi-based low-fare carrier SpiceJet for an operational alliance in engineering and ground operations.

Meanwhile, Jet Airways' chief executive officer (CEO) Wolfgang Prock-Schauer has resigned, effective 15 October 2009.

Pantaloons Retail (India) reportedly intends to raise Rs 500 crore by selling minority stakes in its three subsidiaries to private equity investors.

Provogue India reportedly plans to open 50 retail stores in the next two years. The average investment per shop is Rs 40-50 lakh, so the company is likely to invest Rs 20-25 crore.

Essar Oilfields Services, a unit of Essar Shipping Ports & Logistics, reportedly expects to achieve financial closure for two jack-up rigs built by ABG Shipyard by end October 2009.

Reliance Infrastructure will reportedly complete and operationalise five road projects within the next 18 months.

Mahanagar Telephone Nigam (MTNL) is reportedly looking to move ahead with a consortium bid for Kuwait telecom Zain and is also interested in buying a stake in Zambian telecom firm Zamtel.

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